View all text of Chapter 47 [§ 2051 - § 2090]

§ 2088. Financial responsibility
(a) Identification and determination of bond
(b) Study of requiring escrow for recalls and destruction of products
(1) Study
The Comptroller General shall conduct a study to determine the feasibility of requiring—
(A) the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of destruction of a domestically-produced product or substance regulated under this chapter or any other Act enforced by the Commission; and
(B) the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of an effective recall of a product or substance, domestic or imported, regulated under this chapter or any other Act enforced by the Commission.
(2) Report
(Pub. L. 92–573, § 41, as added Pub. L. 110–314, title II, § 224(a), Aug. 14, 2008, 122 Stat. 3069.)